- Gold Flora (Cboe Canada/OTCQB:GRAM), a vertically-integrated cannabis stock, is announcing that its Gramlin brand is the fastest-growing and eighth best-selling in California year-over-year, according to data from Headset
- Gramlin’s market share currently includes Gold Flora’s 16 retail stores and over 400 third-party retailers
- Gold Flora is a female and founder-led vertically-integrated cannabis company that owns and operates premium indoor cultivation facilities, 16 retail dispensaries, a distribution business selling into hundreds of dispensaries across California, as well as a robust portfolio of cannabis brands across diversified consumer segments
- The California cannabis stock has given back 88.3 per cent year-over-year
Gold Flora (Cboe Canada/OTCQB:GRAM), a vertically-integrated cannabis stock, is announcing that its Gramlin brand is the fastest-growing and eighth best-selling in California year-over-year, according to data from Headset.
Since launching in March 2024, Gramlin has quickly expanded from flower into all-in-one vapes (2nd best-selling in California), infused pre-rolls and live rosin (3rd best-selling in California), with more products expected in early 2025 informed by the brand’s trademark disruptive approach and emphasis on affordability. Gramlin’s market share currently includes Gold Flora’s 16 retail stores and over 400 third-party retailers.
While Gold Flora has managed to more than double gross profitability from US$13.02 million in 2021 to US$32.47 million in 2023, with the figure for 2024 on track for a new record, the company has been loss-making on an annual net income basis since inception.
Leadership insights
“Full vertical integration is the driver for Gramlin’s remarkable growth. It provides us with a unique combination of high-quality indoor cannabis, advantageous time to market and a deep understanding of California’s evolving consumer cannabis trends,” Laurie Holcomb, Gold Flora’s chairman and chief executive officer, said in a statement. “Despite challenging market conditions, Gramlin is thriving. While other brands are losing market share, Gramlin has quickly achieved a solid market position as the #1 fastest-growing brand and 8th largest-selling brand in California.”
“These accomplishments reflect the hard work and dedication of our team and reaffirms that our dedication to high-quality indoor products at affordable prices is resonating with consumers in one of the largest and most competitive cannabis markets in the world,” Holcomb added. “This is a pivotal time for Gramlin as we grow our market share and connect with consumers across the state; we look forward to more exciting developments in the near future.”
About Gold Flora
Gold Flora is a female and founder-led vertically-integrated cannabis company that owns and operates premium indoor cultivation facilities, 16 retail dispensaries, a distribution business selling into hundreds of dispensaries across California, as well as a robust portfolio of cannabis brands across diversified consumer segments.
Gold Flora (Cboe Canada: GRAM) last traded at C$0.035. The stock has given back 88.3 per cent year-over-year.
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(Top photo: Gramlin)
